Based on 7 closed sales in LA CONTERRA, the data points to a value around $366,397 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $386,000 to $399,000. This would position the home competitively among 7 active listings in LA CONTERRA. Being built in 2008 (6 years older than comps) is factored into the value estimate. The active market in LA CONTERRA includes 7 comparable homes priced from $325,000 to $450,000. Market data shows LA CONTERRA prices fallen 2% over the last half year. The closest comparable sale, 231 Mancos DR, Georgetown TX 78626 at an adjusted $366,770, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in LA CONTERRA. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
